Wall Street brokerages predict that Townsquare Media, Inc. (NYSE:TSQ – Get Rating) will announce $98.96 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Townsquare Media’s earnings, with the lowest sales estimate coming in at $98.46 million and the highest estimate coming in at $99.45 million. Townsquare Media reported sales of $88.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The firm is expected to report its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Townsquare Media will report full-year sales of $468.40 million for the current fiscal year, with estimates ranging from $465.72 million to $471.08 million. For the next year, analysts forecast that the firm will report sales of $495.14 million, with estimates ranging from $495.13 million to $495.15 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ – Get Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.22). The business had revenue of $110.58 million during the quarter, compared to analysts’ expectations of $109.63 million. Townsquare Media had a return on equity of 75.32% and a net margin of 4.00%. During the same period in the prior year, the company posted $0.18 earnings per share.
TSQ opened at $11.13 on Thursday. Townsquare Media has a fifty-two week low of $9.78 and a fifty-two week high of $15.33. The business has a 50-day moving average of $12.08 and a 200-day moving average of $12.55. The company has a debt-to-equity ratio of 10.92, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $189.84 million, a PE ratio of 11.47 and a beta of 1.72.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boyar Asset Management Inc. grew its holdings in Townsquare Media by 3.2% in the 1st quarter. Boyar Asset Management Inc. now owns 37,477 shares of the company’s stock valued at $479,000 after buying an additional 1,150 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Townsquare Media by 0.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 241,800 shares of the company’s stock valued at $3,223,000 after buying an additional 1,175 shares during the last quarter. Morgan Stanley grew its holdings in Townsquare Media by 4.7% in the 3rd quarter. Morgan Stanley now owns 46,291 shares of the company’s stock valued at $605,000 after buying an additional 2,088 shares during the last quarter. Geode Capital Management LLC grew its holdings in Townsquare Media by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 92,564 shares of the company’s stock valued at $1,233,000 after buying an additional 2,544 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Townsquare Media by 24.2% in the 4th quarter. Raymond James & Associates now owns 15,001 shares of the company’s stock valued at $200,000 after buying an additional 2,924 shares during the last quarter. 50.97% of the stock is currently owned by hedge funds and other institutional investors.
Townsquare Media Company Profile (Get Rating)
Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.
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